Global electric vehicle registrations decline as major markets face policy shifts
Global EV registrations fell 3% in January as China and the U.S. saw sharp declines. Policy shifts hindered sales while hybrids gained popularity globally.
Global registrations in the electric vehicle (EV) market fell by 3 percent year-on-year in January, totaling almost 1.2 million units as significant policy shifts in the world’s largest economies weighed on demand. According to data released by Benchmark Mineral Intelligence on February 13, 2026, the decline was primarily driven by steep contractions in China 
CN and North America, a trend that is expected to reduce near-term sales volumes for automakers across the automotive sector.
CN and North America, a trend that is expected to reduce near-term sales volumes for automakers across the automotive sector.
